Line of Credit Home Loan - Heritage - Living Equity

Comparison Rate	6.11%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,201.67
Total Amount Paid Est.	$436,200
Establishment Fee	$600.00

6.02%

Target Market
To purchase property for Owner Occupier, Investment purposes and Refinance for any worthwhile purpose. ,
Purchase vacant land. ,
Consolidation.

Acceptable Income
Self Employed, Salary & Wage earners ,
Rental income 75% of gross rental allowable as income (60% high rise).

Home Loan Loan Term
Maximum: 30 years (Interest only for first 10 years)
(Note - facility can be up to 5 splits)

Home Loan Loan Size
Minimum: $20K ,
Maximum loan amount $500K maximum LVR 75%.

Home Loan Repayment Type
Interest Only for first 10 years and then reverts to Principal & Interest.

Repayment Options
Accrued interest must be paid each month.

Extra Repayments
Additional Repayments Unlimited.

Split Loan Facility
Note - facility can be up to 5 splits.

Offset
Not applicable..

Redraw Facility
Yes (Direct from account) ,
Fee structure : ,
Unlimited free , Telephone Banking, Internet Banking, GiroPost, Cheque Deposit, Cash Deposit, Counter wdls, transfers & bpay, Heritage ATM debit wdl & tfrs, Personal cheque wdls,EFTPOS 5, ,
free; excess fee per transactions $0.50,Non HBS ATM wdl & bal,enquiries 4 free; excess fee per transaction $1.50,Non HBS counter wlds (visa) $2.50, Overseas ATM or counter wdls (visa) $5.00 plus overseas currency conversion fee.

LVR for Line of Credit Home Loan - Heritage - Living Equity

Max LVR of 85% Loans up to $200K ,
Max LVR of 80% >$200001 to $300K ,
Max LVR of 75% >$300001 to $500K

Fees for Line of Credit Home Loan - Heritage - Living Equity

Establishment Fee: $600, this includes up to 5 sub-accounts created at time of original application, also includes First security valuation if required to a maximum amount of $330). Additional valuations are $205 min (maybe higher depending upon property valuation figure) ,
Deferred Establishment Fee ($0-$ 600.00) if paid out within the first 3 years on a pro rata basis. ,
Monthly Administration Fee $8 per month (included in repayments) ,
Increase in Limit Fee -. $500 per increase or sub-account (splitting at initial application only requires one application fee) ,
Trust / Company Loan $250 additional to the application fee to partially offset solicitors charges where documents are outsourced ,
Multiple Securities Additional fee of $100 charged when there is a second or subsequent security for a loan and the security is in the same state ,
Additional fee of $150 charged where there is a second or subsequent security for a loan and the security is from a different state. ,
Settlement Fees on Purchase/Refinance: ,
Agent’s Settlement Fee $0-$250 (Varies from State to State) ,
Finalisation Fee $200 ( Payout of loan). ,
Telegraphic Transfer Fee $0 - $35 Max ,
Transaction Fee - No charge for HBS ATM